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The most closely look at line is the EBITDA margin, given the drastic price cut by Tesla in Q2 this year. Margin drop from 22.4% to 18.4% YoY. Not fantastic but
by guardiangod 3y ago
The most closely look at line is the EBITDA margin, given the drastic price cut by Tesla in Q2 this year. Margin drop from 22.4% to 18.4% YoY. Not fantastic but better than analysts' estimate.
Operating margin dropped to 9.6% from 14.6% YoY. Not great.
Earning beats estimate by $0.91/share vs $0.80/share. Better than 2022Q2's 0.76 though.
Production rate YoY growth is 86%, from 258,580 to 479,700.
What I find more interesting is the FX impact of $0.6bil. Since China's renminbi is so weak, you would think Tesla would gain from China's export; but instead it lost money on FX.